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Established
the exchange is also the oldest in Asia. Among the twenty-two Stock Exchanges recognized by the Government of India under the Securities Contracts (Regulation) Act, 1956, it was the first one to be recognized and it is the only one that had the privilege of getting permanent recognition.
in
1875,
- Ashish
Scrips at BSE
ACC MARUTI AIRTEL MAHINDRA & MAHINDRA BHEL NTPC DLF ONGC GRASIM RANBAXY GUJRAT AMBUJA RELIANCE HDFC COMMUNICATION HDFC BANK RELIANCE INFRASTRUCTURE HINDALCO RIL HUL STERLITE INDUSTIES ICICI BANK LTD INFOSYS LTD SBI SUN Pharma IND. TCS ITC TATA MOTERS L&T
It happens to be the first stock exchange in Asia. BSE possess the maximum number of listed organizations in the world. Nifty is the index of National Stock Exchange (NSE). Both NSE and BSE are the most popular stock exchanges in India.
Mission
As a centre of learning, our mission is to promote an open learning environment that brings together people, cultures and ideas from around the world, changing lives and helping transform organizations through innovative learning programs. Through our learning programs, we develop responsible, thoughtful leaders and entrepreneurs who create value for their organizations and their communities.
SENSEX
SENSEX has been calculated since 1986 and initially it was calculated based on the Total Market Capitalization methodology and the methodology was changed in 2003 to Free Float Market Capitalization. Hence, these days, the SENSEX is based on the Free Floating Market cap of 30 SENSEX Stocks traded on the BSE relative to the base value which is 100(1978-79) and it is calculated for every 15 seconds.
SENSEX is calculated using the "Free-float Market Capitalization" methodology, wherein, the level of index at any point of time reflects the free-float market It reflects value of 30 component stocks relative to a base period. The market capitalization of a company is determined by multiplying the price of its stock by the number of shares issued by the company. This market capitalization is further
Example:
Assume SENSEX has only 2 stocks namely SBI and RELIANCE. Total shares in SBI are 500 out of which 200 are held by Government and only 300 are available for public trading. RELIANCE has 1000 shares out of which 500 are held by promoters and 500 are available for trading. Assume price of SBI Stock is Rs.100 and Reliance is Rs.200. Then "free-Floating Market Cap" of these 2 companies =
(300*100+500*200) = 30000+100000 = Rs. 130000 Assume Market Cap during the year 1978-79 was Rs.25000 Then SENSEX = 130000*100/25000 = 520. The methodology in the example is exactly followed to calculate the SENSEX, only difference being the inclusion of 30 stocks.
Thus, 'C' stands for CRISIL, 'N' stands for NSE and X stands for Exchange or Index.
The S&P prefix belongs to the US-based Standard & Poor's Financial Information Services.
NIFTY
The National Stock Exchange (NSE) is associated with NIFTY and it is also calculated by the same methodology but with two key differences.
Benefits to Investor
1. Liquidity of the investment is increased 2. The securities dealt on a stock exchange are good collateral security for loans. 3. The stock exchange safeguards interests of investors through strict enforcement of rules and regulations.
Risk Factors
Risk factors are the same associated with any of the stock exchange in the world. Markets can turn volatile at any point of time
Bibliography
http://equityahead.in/wp-content/uploads/2011/11/nifty-weekly http://mohdarafat.com/tag/nifty-levels/ http://in.reuters.com/article/2008/02/24/idINIndia-32116720080224
http://www.topnews.in/sensex-sheds-290-pts-morning-trade-2361657
http://en.wikipedia.org/wiki/S%26P_CNX_Nifty
http://en.wikipedia.org/wiki/Bombay_Stock_Exchange
http://www.moneymunch.com/what-is-nifty-bees-niftybees/
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